Active
4891 Grace Avenue
Cypress CA, 90630
$1,950,000
$547.29 per sqft
Active
3,563 sqft
Multi-family
Built in 1945
Listed by Shelly Kay Hilliard with Coldwell Banker Realty 714-580-4500
Diversify your investment portfolio 5.5% Cap Rate!!! Seize this exceptional opportunity before it's gone! This property offers market rents and comprises a single-family house paired with an attached Duplex, complete with separate garages. Situated on a corner lot spanning approximately 7,405 square feet, it's a haven for astute investors seeking versatility and value.
The duplex boasts a total living space of approximately 3,362 square feet, with both the original Single Family Residence (SFR) and the secondary dwelling equipped with their own HVAC systems, ensuring optimal comfort for occupants.
The SFR, nestled on Grace Ave, features three bedrooms and two bathrooms. Meanwhile, the secondary dwelling offers flexibility with a three-bedroom, two-bathroom unit and a separate two-bedroom, one-bathroom unit. Each residence boasts its own separate garage or secure gated carport, providing convenient parking options.
Inside, both residences feature laundry hookups, enhancing their appeal and practicality. The SFR on Grace Ave spans approximately 1,120 square feet, while the dwelling on La Salle encompasses approximately 1,106 square feet on the first level and 1,125 square feet on the second level.
Privacy and functionality are paramount, with the home on Grace Ave thoughtfully separated from the secondary dwelling by two meticulously finished garages, adorned with drywall, showcasing meticulous attention to detail throughout the property.
Outside, the exterior landscape offers an inviting and low-maintenance setting, enhancing curb appeal while minimizing upkeep requirements.
Moreover, the property is fully equipped with two electric meters, two gas meters, and two water meters, ensuring personalized utility tracking for each residence on Grace Ave and La Salle.
Don't miss out on this exceptional investment opportunity! Contact us today to discover more and secure your future in Cypress real estate.
OC24128885
MLSⓇ ID
June 24, 2024
Listed
October 20, 2024
Updated
Map
4891 Grace Avenue
Cypress CA, 90630
Interior Features
Total Stories
1
Interior Features
Ceiling Fan(s), Open Floorplan
Appliances
Electric Range, Gas Range
Laundry Description
Electric Dryer Hookup, Gas Dryer Hookup, In Garage, In Kitchen
Floor Description
Carpet, Laminate, Tile
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.17 Acres
Exterior Features
Rain Gutters
Lot Features
0-1 Unit/Acre, Corner Lot
Architectual Style
Cottage
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
80 - Cypress North of Katella
Days on Market
50
Garage
Yes
Garage Spaces
4
Parking
Assigned
Parking Total
9
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
7/18/2024 | Price change | $1,950,000 5% |
Listing Contact: 714-374-4459
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/20/2024 at 2:27 PM UTC